The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
North Dakota Powerball Jackpot/Cash Option for Sat Jul 12, 2025 |
---|
Draw Date | Sat Jul 12, 2025 | Projected Jackpot | $234,000,000 | Cash Value | $106,600,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $106,600,000 | Federal Tax(24%) | $25,584,000 | Additional Federal Tax | $13,818,330 | State Tax(2.9%) | $3,091,400 | Net Lumpsum Payment | $64,106,270 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,521,934 |
$1,263,446 $102,136 |
$2,156,352 |
2 |
$3,698,136 |
$1,328,641 $107,246 |
$2,262,249 |
3 |
$3,882,996 |
$1,397,039 $112,607 |
$2,373,350 |
4 |
$4,077,216 |
$1,468,900 $118,239 |
$2,490,077 |
5 |
$4,281,030 |
$1,544,311 $124,150 |
$2,612,569 |
6 |
$4,495,140 |
$1,623,532 $130,359 |
$2,741,249 |
7 |
$4,719,780 |
$1,706,649 $136,874 |
$2,876,257 |
8 |
$4,955,886 |
$1,794,008 $143,721 |
$3,018,157 |
9 |
$5,203,692 |
$1,885,696 $150,907 |
$3,167,089 |
10 |
$5,463,900 |
$1,981,973 $158,453 |
$3,323,474 |
11 |
$5,736,978 |
$2,083,012 $166,372 |
$3,487,594 |
12 |
$6,023,862 |
$2,189,159 $174,692 |
$3,660,011 |
13 |
$6,325,020 |
$2,300,588 $183,426 |
$3,841,006 |
14 |
$6,641,388 |
$2,417,644 $192,600 |
$4,031,144 |
15 |
$6,973,434 |
$2,540,501 $202,230 |
$4,230,703 |
16 |
$7,322,094 |
$2,669,505 $212,341 |
$4,440,248 |
17 |
$7,688,070 |
$2,804,916 $222,954 |
$4,660,200 |
18 |
$8,072,532 |
$2,947,167 $234,103 |
$4,891,262 |
19 |
$8,476,182 |
$3,096,518 $245,809 |
$5,133,855 |
20 |
$8,899,956 |
$3,253,314 $258,099 |
$5,388,543 |
21 |
$9,345,024 |
$3,417,989 $271,006 |
$5,656,029 |
22 |
$9,812,322 |
$3,590,890 $284,557 |
$5,936,875 |
23 |
$10,302,786 |
$3,772,361 $298,781 |
$6,231,644 |
24 |
$10,818,054 |
$3,963,010 $313,724 |
$6,541,320 |
25 |
$11,358,828 |
$4,163,097 $329,406 |
$6,866,325 |
26 |
$11,926,980 |
$4,373,313 $345,882 |
$7,207,785 |
27 |
$12,523,212 |
$4,593,919 $363,173 |
$7,566,120 |
28 |
$13,149,396 |
$4,825,607 $381,332 |
$7,942,457 |
29 |
$13,806,936 |
$5,068,897 $400,401 |
$8,337,638 |
30 |
$14,497,236 |
$5,324,308 $420,420 |
$8,752,508 |
|
|